The Funded Trader is back, Mt. Gox mysterious $10B transfer

Welcome to our weekly roundup, where we dive into all the latest buzz in the Forex, Fintech, and cryptocurrency scenes. We’ve got you covered with a rundown of the week’s top events and trends in these dynamic sectors, so you can stay in the know and ahead of the game

FX Markets

Prop firm The Funded Trader to clear withdrawals ahead of relaunch

Prop trading firm The Funded Trader has announced a series of measures to address recent operational challenges and resume its services. The company detailed these plans in a series of tweets on X, outlining changes and updates “aimed at stabilizing and improving operations.” Read More

Germany lifts N26’s monthly cap of 60,000 new clients

Germany’s financial regulator has lifted a cap on the number of new clients that N26 Bank AG can take on after the fintech company improved its anti-money laundering controls. Read More

T+1 settlement goes live today in Canada, Mexico, Argentina

Canada, Mexico, and Argentina will have their first day with the T+1 settlement cycle today as part of an industry shift initiated by the United States aiming to enhance market efficiency and reduce risk. Read More

NFA fines Sigma Broking $150,000 for AML and ANC failures

The Chicago branch of the National Futures Association has ordered Sigma Broking Limited to pay a $150,000 fine. Read More

Exclusive: 26 Degrees EU first board meeting in Cyprus and how they solve the FX liquidity problem

We spoke with Gavin White and Riana Chaili from 26 Degrees about the first board meeting of the Cyprus entity, the soft launch of a game-changing trading product, advanced risk management, and how to solve the FX liquidity problem. Read More

Saxo UK appoints Andrew Bresler as CEO

Saxo has appointed Andrew Bresler as CEO of Saxo UK, taking over from interim CEO Simon Camilleri. Read More

JP Morgan launches fractional shares for self-directed investors

J.P. Morgan Self-Directed Investing, the brokerage brand of JP Morgan that specializes in self-directed investors, has enhanced its product offering with the launch of fractional shares. Read More

Crypto Markets

Spot Ether ETFs: Gary Gensler losing control of the SEC?

SEC previous filings and statements from SEC Chair Gary Gensler suggested a likely denial of spot Ether ETF applications. However, the SEC Trading and Markets Division has approved several spot Ethereum exchange-traded funds (ETFs) using delegated authority, rather than a vote by the full commission. Read More

Celebrity X accounts hacked to promote meme tokens

Several celebrity and influencer X accounts on social media platforms have been hacked, with the attackers promoting various cryptocurrencies and meme tokens. Read More

Mt. Gox users alarmed by $10 billion transfer to unknown wallet

Mt. Gox has transferred 42,830 BTC, worth about $2.9 billion, from its cold wallets, according to Arkham Intelligence data. This marks the first major transfer from the defunct bitcoin exchange in five years. Read More

MoonPay onboards Gucci, Puma, and Mastercard to Web3 Tools

Blockchain payments infrastructure firm MoonPay has unveiled a new platform to simplify the Web3 experience for brands and consumers. The platform, dubbed Web3 Tools, helps brands provide a less complex Web3 journey. Read More

UK bank Kroo bans crypto transactions, warns account closure

London-based digital bank Kroo has imposed a ban on cryptocurrency transactions, another blow for crypto traders ‎who recently saw a sizable number of banks deciding not to ‎finance the wobbly asset class. Read More

Archax expands crypto custody with Fireblocks and its network

The integration enables Archax to extend the reach of its crypto OTC and exchange offerings and the number of crypto trading pairs supported. Read More crypto arm loses 4,500 bitcoins in major hack

Japan’s cryptocurrency exchange DMM Bitcoin announced on Friday that it had lost 4,502.9 bitcoin, worth roughly 48.2 billion yen or $308 million, due to an “unauthorized leak.” Read More

Cristiano Ronaldo launches Binance NFT collection at $35

Cristiano Ronaldo and Binance have unveiled their latest NFT collaboration, “Forever Worldwide: The Road to Saudi Arabia,” which celebrates Ronaldo’s journey from humble beginnings to global football stardom. Read More

Terraform Labs and co-founder Do Kwon reach settlement with SEC

Terraform Labs and its co-founder Do Kwon have reached a “settlement in principle” with the U.S. Securities and Exchange Commission (SEC) regarding a fraud case. Read More

US Treasury official clarifies stance on crypto mixing services

The Financial Crimes Enforcement Network (FinCEN) proposed a rule last year to classify convertible crypto mixing as a “class of transactions” with primary money laundering concerns. Read More

GCEX taps DV Chain’s crypto liquidity

GCEX has partnered with DV Chain to enable its clients to benefit from DV Chain’s crypto liquidity offering featuring tight spreads and reduced execution costs. Read More